TOKYO (Reuters) - Japan's Takata Corp <7312.T>, reeling from a massive airbag recall, said on Friday it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.
Stocker, a corporate officer who was president of auto parts maker Bosch's
The leadership change comes as major Japanese and German carmakers, including Toyota Motor Corp <7203.T>, Honda Motor Co <7267.T> and BMW
Stoker, who became Takata's corporate officer in February, will assume the posts of president and chief operating officer on June 26 after the annual general shareholders' meeting and a board meeting.
"He has been working with us in the capacity of an advisor for more than a year... The recall has nothing to do with this change," said Takata's Chief Financial Officer Yoichiro Nomura.
Takata posted on Friday a net loss of 21.1 billion yen ($212.5 million) -- its biggest ever -- for the financial year that ended in March, against a 11.9 billion yen net profit in the previous year.
It booked an extraordinary loss of 30 billion yen due to recall-related costs.
($1 = 99.3050 Japanese yen)
(Reporting by James Topham and Yoko Kubota; Editing by Matt Driskill and Miral Fahmy)